FERC Grants License To $39M Alaskan Hydro Project

By Natalie Rodriguez

Law360, New York (August 02, 2013, 4:26 PM ET) -- The Federal Energy Regulatory Commission on Thursday conditionally approved a license for a $38.8 million hydroelectric project in Alaska, paving the way for construction to begin on the 6.5 megawatt operation as early as this year.

A 50-year original license was awarded to Copper Valley Electric Association Inc.'s proposed Allison Creek Hydroelectric Project, just about two years after it first filed its application, according to FERC documents. It includes various agreed-to environmental mitigation conditions.

"This license ... requires a number of measures to protect and enhance...